Law Legislation

  • Today, US President Barack Obama is going to announce further changes to his White House team. Chief of Staff Rahm Emanuel is going to step down to run for mayor of Chicago. The President is expected to announce long term staff member Peter Rouse to the position.

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    The judge in the upcoming trial of Texas financier Allen Stanford has issued a sweeping gag order, barring the defendants, attorneys and even Stanford's alleged victims from talking to the media ahead of Stanford's January trial.

  • Fabrice Tourre, who is accused of fraud in a Securities and Exchange Commission lawsuit over a mortgage-linked investment, prepares to testify before the Senate Homeland Security and Governmental Affairs Investigations Subcommittee on Capitol Hill on April 27, 2010.

    Fabrice Toure's lawyers engaged in some wishful thinking yesterday.

  • Google. Apple. Intel. Adobe. Pixar. Intuit. All names that many in the technology field would give their right hand to work for. Each has garnered a reputation eliciting superlatives for innovation and leadership. But as last week's settlement of a U.S. Department of Justice investigation revealed, each has engaged in hiring practices that hindered advancement for both employees and the industry.

  • Chinese Yuan

    Share your opinion in today's poll.

  • Businesspeople toasting glasses

    Thanks to new laws, restaurant patrons in Massachusetts can now start ordering cocktails at 10 a.m. on Sundays, instead of noon. In Arizona they can start hitting the bottle at 6 a.m.—four hours earlier than previously allowed.

  • GOP symbol and cash

    CNBC’s own Dennis Kneale wrote a highly thought provoking piece last Friday about John Chambers’ new proposal to slash tax rates on the revenue U.S. corporations earn overseas.

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    Women made little progress in climbing into management positions in this country even in the boom years before the financial crisis, according to a report to be released on Tuesday by the Government Accountability Office, writes the New York Times.

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    Have you been working to boost your credit score before trying to get a mortgage? It may not yield the payback you expect.

  • Education

    To help America's failing public education system return to its former glory,  good educators deserve higher pay, US Secretary of Education Arne Duncan told CNBC Monday.

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    Tens of thousands of people will lose their jobs within weeks unless Congress extends one of the more effective job-creating programs in the $787 billion stimulus act, the New York Times reports.

  • The Department of Education, which issued a timeline Friday for the 14 issues in its gainful employment ruling, continued to cause volatility among players in the for-profit college arena.

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    If the market in scrap is any indication, the US can recycle the fear of a second recession into a more positive economic outlook.

  • Gold

    As gold tops $1,300 an ounce, lawmakers in Washington are aiming to ensure that consumers don't get trounced by bad gold deals.

  • Beazer homes

    The Department of Justice has responded to a blistering critique by a government investigator of its investigation of Beazer Homes, the troubled Atlanta-based homebuilder that has come under fire for alleged mortgage fraud.

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    Back in 1987, the movie “Wall Street” inspired a generation to enter the world of finance. But within that industry, attitudes toward the long-anticipated sequel are surprisingly subdued. The main concern: that the new movie will be a platform for bank-bashing.

  • For the last 14 years, the United States has had a policy of lowering the tax burden on individuals and capital. Under the most likely scenario, the Bush tax cuts will be extended for only those below $250,000. The reason put forward is to make those that can afford to pay the taxes do so with the majority of Americans benefiting. This sounds reasonable until you study the effects on allowing taxes to rise on high earners, capital gains and dividends

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    The repo market was central to the dramas of 2008. One of the main reasons why entities such as Lehman Brothers collapsed, after all, was that investors fled from repo deals, because they became frightened about counterparty risk.

  • US Capitol Building at dawn

    If anyone is as scorned as much as Democrats these days, it's Republicans — the very party that may recapture the House of Representatives and perhaps the Senate in November's midterm congressional elections.

  • Bill Clinton

    To chip away at unemployment, former President Clinton proposed Thursday on CNBC that employers with open jobs hire a newly trained employee whose education is funded by the government.